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Health X Platform Ltd

Q2 FY26Healthcare Services

Health X Platform Q2 FY26 earnings call: Revenue & Margins

Q2 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹301
Market cap₹977 Cr
P/E508.6
Updated23 Aug 2026
Read4 min read

The short version

Sastasundar aims to achieve INR 500 crore annual run rate in B2C (Sastasundar app) within 18 months. RetailerShakti is expected to be EBITDA positive by Q4 FY26 and achieve around 1% EBITDA margin in FY26.

From Health X Platform Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

  • Sastasundar aims to achieve INR 500 crore annual run rate in B2C (Sastasundar app) within 18 months.
  • RetailerShakti is expected to grow rapidly at over 30% CAGR over the next 2-3 years, targeting INR 4,000 crore revenue by 2030.
  • Overall company revenue target for FY '29-'30 is INR ~6,000 crore (INR 4,000 crore from RetailerShakti and INR 2,000 crore from B2C).
  • HealthBuddy network to expand from current 260 to about 360 within 18 months, targeting INR 1 crore sales per HealthBuddy annually.
  • Working capital efficiency will improve, aiming to reduce working capital to 3%-4% of revenue in 3-5 years, improving liquidity and scalability.

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Profitability & Margins

See what Health X Platform Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

  • Current/future capex primarily focused on technology, AI development, warehouse automation, and satellite warehouse expansion.
  • Planned capex amount around INR 40-50 crores annually, funded comfortably through internal accruals and treasury income (INR 400+ crores available).
  • No plans to raise external capital for at least next 5 years.
  • Automation at fulfillment centers aims to double fulfillment capacity and reduce costs.
  • Building new warehouses strategically (e.g., Udaipur) to expand geographical reach gradually without hurried capital deployment.

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Top-ranked in Healthcare Services

Ranked on what management guided this quarter

Guidance-ranked
Rev 1Mar 3
Rev 2Mar 1
3
Rev 2Mar 2
4
Rev 2Mar 2
5
Rev 2Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what Health X Platform Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The provided transcript from the SastaSundar Ventures Limited earnings conference call does not explicitly mention the current or expected order book or pending orders in numeric terms. However, the following points are relevant to order flow and business outlook: - JITO brand launched recently; receiving around INR 20 lakhs per month in orders. - New retailer app rollout planned by April-June 2026 to automate order placement, expected to improve order stickiness and wallet share. - B2C segment delivered 60% YoY growth in Q2 FY26, driven by new customer acquisition, order frequency, and ticket size improvement.

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Health X Platform Ltd — Quarterly revenue & net profit

Revenue Net profit Net loss
Sep 2024Q2 FY25
Dec 2024Q3 FY25
Mar 2025Q4 FY25
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26

Reported quarterly figures (₹ Cr). Latest (Q3 FY26): revenue ₹346 Cr, net profit ₹0 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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Frequently Asked Questions

What were Health X Platform Ltd Q2 FY26 results?

Sastasundar aims to achieve INR 500 crore annual run rate in B2C (Sastasundar app) within 18 months. RetailerShakti is expected to be EBITDA positive by Q4 FY26 and achieve around 1% EBITDA margin in FY26.

What is Health X Platform Ltd share price analysis?

Health X Platform Ltd currently shows a neutral. The stock trades at a P/E of 508.6 with a market cap of ₹977 Cr. Investors should review the full earnings analysis for detailed insights.

Is Health X Platform Ltd planning capital expenditure?

Current/future capex primarily focused on technology, AI development, warehouse automation, and satellite warehouse expansion.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.